Canadian Tire’s sporting goods banners had a 12% decline in Q1 revenues to C$370.1 million ($275.4 mm) from C$421.1 million including a 1.8% drop in same store sales, down from a +3.4% comp last year. Comps were on pace for a 3.2% gain until the coronavirus pandemic hit on Mar. 11 and CTC’s sports stores were ordered closed on Mar. 18. Sales per square foot was C$297 against C$299, and e-commerce sales continued to increase as a percent of sales. Casualwear and healthwear categories were up for the quarter compared to Q1 ‘19. Store count for the segment was 400, ... Log in to view full article.